COPUS KOREA Co., Ltd. Secures 7.5 Billion Won from Artist Studio Consortium a Month Ahead of Schedule
7.5 Billion Won Third-Party Private Placement… Accelerating Financial Restructuring
Building a Value Chain Spanning Production, Platforms, and Global Distribution… Synergies in the Content Business
Strengthening Overseas Sales Focused on Japan Through Corpus Japan
[Edaily Reporter Hyera Lee ] COPUS KOREA Co., Ltd.(322780)announced on the 3rd that it has secured a 7.5 billion won third-party private placement from an investment consortium consisting of Artist Studio, Jidam Media, and Story Arc Studio, and has decided to move up the payment date from the originally scheduled August 14 to July 13. In this capital increase, the three consortium members will each acquire 1,905,487 new shares, for a total of 5,716,461 new shares. The company expects that, with the payment schedule moved up, it will be able to proceed with capital expansion and the stabilization of its financial structure at an earlier stage. COPUS KOREA Co., Ltd., building on its content distribution business, has recently expanded its scope to include production. Following last year’s JTBC drama *The Story of Lady Ok*, the company is strengthening its production capabilities through shows such as *New Employee Chairman Kang*, which is currently airing. COPUS KOREA Co., Ltd. plans to use this investment as an opportunity to build a content value chain with Artist Studio Group that encompasses production, platforms, and global sales. In particular, the company’s strategy is to expand overseas content sales by leveraging the local distribution network of its Japanese subsidiary, Corpus Japan. In addition, this investment includes both a paid-in capital increase and interest-free convertible bonds (CBs). The company explained that this structure was designed to secure the maximum possible capital while adhering to the limits on new share issuance set forth in its articles of incorporation. COPUS KOREA Co., Ltd. official stated, “Through this capital expansion, we plan to strengthen our financial stability and accelerate our push into the global content market based on our collaboration with the Artist Studio Group.”
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